# Baltic Dry Index Marks First Weekly Decline in Five

> The Baltic Exchange's main sea freight index edged up 5 points to 1,489 on March 24 but fell about 3% over the week, its first weekly decline in five. The Capesize index rose slightly while the Panamax index fell 8.8% for the week.

- Date: 2023-03-24 · published 2023-03-24T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/37065-baltic-dry-index-marks-first-weekly-decline-in-five
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

A weekly decline in the Panamax segment, which carries grain cargoes, slightly eases ocean freight costs for grain and feed shipments. The move is small and routine.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- gcaptain.com: https://gcaptain.com/baltic-dry-index-marks-first-weekly-decline-in-five/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.